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May 13, 2024
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EL 723 - Higher Education Finance and Facilities (3 units)
Principles of financial and facilities management in colleges and universities including strategic planning, organization, major revenue and expenditure areas, trends and issues.
Units of Lecture: 3
Offered: Every Fall - Even Years
Student Learning Outcomes:
Upon completion of this course:
1. Students will be able to develop an understanding of the basic economic concepts related to finance and facilities in higher education (human capital and investment, theories of revenue, cost, productivity, price, subsidies, and elasticity).
2. Students will be able to identify critical issues related to higher education finance and facilities management including planning and budgeting, common budget models, budget cycles, auxiliary and capital budgets, revenue and expenditures, contracts and outsourcing, bonding and joint ventures, and planning facilities and maintenance strategies.
3. Students will be able to identify key scholars, researchers, and practitioners in higher education finance and facilities and develop confidence in describing and debating key issues related to finance.
4. Students will be able to identify common strategies and skills for self-support and entrepreneurial activities on college campuses and create a budget for a sample program or department.
5. Students will be able to demonstrate understanding of common strategies for implementing budget cuts and adjusting for loss of resources and, utilizing real data from NSHE, create a budget reduction plan that links to the institutional strategic plan as well as critique common cost savings proposals.
6. Students will be able to demonstrate ability to independently research, analyze, and articulate higher education financial data and related policy issues.
7. Students will be able to assess and understand real examples of budget and facilities management from higher education experts.
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